If you have "bad" tenants, i.e. tenants that will not leave voluntarily, your investment may be a bad one. 

In a nice way, to many people wast my time and don't have a pot to piss in.

Confidential Nature of SARs Notification to the suspect is prohibited under Federal law and an entity, and its directors, officers, employees and agents that, voluntarily or by means of filing a SAR, report suspected or known criminal violations or suspicious activities may not notify any person involved in the transaction that the transaction has been reported.

Of course every year we will probably add to the pot but again I want to think it will supplement a smaller portion, maybe guessing 10k more or less every year.  

And you are doing it sooner rather than later to ensure the refinance will go through, as it likely would not if things go to pot, which is when you'd want to have cash on hand? 

Had I seen it a couple of months ago I would have told you that you are dealing with professional tenants and instructed you to terminate all communication with them proceed to a eviction and offer them nothing to voluntarily leave.

Here is the kicker, I can choose to pay back more than the 5% and grow my pot of money.

There are other concerns too though besides "wouldn't it be cool to do this, avoid some taxes, and use this pot of money I inherited" such as valuation and liquidity.

I wouldn't want to stir the pot at work for him if he was a good tenant.

A base cab with deep drawers is good for deep pot and wide pan storage.